new york life variable annuity

The S&P 500 index is a product of S&P Dow Jones Indices LLC and has been licensed for use by New York Life. 51 Madison Avenue New York, NY 10010 There are fees, expenses, limitations and risks associated with thispolicy. 3. Issuing company: New York Life Insurance and Annuity Corporation ("NYLIAC"), a Delaware Corporation. 9am - 7pm EST. You've owned your annuity for a year and a half, so your current surrender fee is 6%. Diversification and asset allocation do not ensure a profit or guarantee against loss. Receive resources & tools that can help you prepare for the future. Investors are asked to consider the investment objectives, risks, charges, and expenses of the investment carefully before investing. New York Life Variable Annuity Performance Summary As of May 31, 2023 For policies purchased before June 3, 2003 To obtain a copy of the product and funds prospectuses, please contact your NYLIFE Securities LLC Registered Representative or call 1-800-598-2019. The aggressive model portfolio is not available when the IPR FP Series is elected. This provides the flexibility to pay off the policy early, eliminating premiums in later years. You can match your goals, risk tolerance, and time horizon however you decide to invest. Withdrawals may be subject to ordinary income taxes and if made prior to age 59 maybe subject to a 10% IRS penalty tax For costs and complete details, contact a financial professional. Every annuity is unique, and you have options in how to invest your funds over a broad selection of market-based investment options that span a range of different asset classes. * Accessing the cash value will reduce the available cash surrender value and life insurance benefit. The Investment Divisions offered under the New York Life Premier Variable Annuity FP Series and described herein are different from mutual funds that may have similar names but are available directly to the general public. Withdrawals may be subject to ordinary income taxes and if made prior to age 59 may be subject to a 10% IRS penalty tax. Both NYLIAC and NYLIFE Distributors LLC are wholly-owned subsidiaries of New York Life Insurance . You are responsible for determining which Model Portfolio is best for your individual circumstances. Both the product and the underlying fund prospectuses contain this and other information about the product and the underlying investment options. Annual expense ratios of the variable subaccounts range from 0.37% to 1.06%. S&P 500Price Return Index (S&P 500)3, CAP RATE Investment results may differ. To obtain a current product and fund prospectus call the New York Life Annuity Service Center at 18007626212 or click on the prospectus link in the Literature section above. 2. Understand what people like you typically consider when making their plans. NYLIFE Distributors LLC, Member FINRA/SIPC, is the wholesale distributor and underwriter for these products. Lets work together to better serve investors. PDF New York Life Variable Annuity Performance Summary As of May 31, 2023 Lifetime annuities provide the extra security of payments for life. To learn more about the policy, you may also download the Statement of Additional Information (SAI). Please read the prospectuses carefully before investing. This means that $5,000 of your withdrawal is penalty-free, and the insurer will assess the 6% surrender charge for the other $15,000. Our Annuities | New York Life Annuities All Rights Reserved. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of IndexFlex. Annuities are long-term financial products used for retirement purposes. Receive resources & tools that can help you prepare for the future. Required minimum distributions must begin within one year of death of the original owner. All performance reflects the percentage change for the period shown with the capital gains and dividends reinvested and includes an annualized Mortality and Expense Risk and Administrative Cost Charge of 1.30% for the 5 year surrender charge period. Because variable annuities are insurance products with investment elements, they are subject to the rules of a number of different regulatory bodies. Please note that IndexFlex, issuer, NYLIAC is not a mutual life insurance company Investors are asked to consider the investment objectives, risks, charges and expenses of the investment carefully before investing. Performance history. Some clients like being able to pick their investment options themselves from a range of well-known investment managers. This material is being provided for informational purposes only, and was not prepared, and is not intended, to address the needs, circumstances and objectives of any of individual or groups of individuals. It's always useful to learn a little more. Variable annuities are long-term financial products used for retirement savings. Compare life insurance polices, and find the right one for you. Living Needs Benefit/Unemployment Rider is ICC09-R100; in some states it may be 209-100. Variable annuities are subject to market risk including possible loss of principal. With a tax-qualified annuity, you invest pretax money and pay no taxes on your original investment and any investment gains until you withdraw your money. By using this service, you agree to input your real email address and only send it to people you know. Service forms New York Life Variable Annuities are issued by New York Life Insurance and Annuity Corporation ("NYLIAC"), a Delaware Corporation. Variable Universal Life Plus - New York (VULP- NY) 4: Initial Summary Prospectus (Product) . All rights reserved. Both NYLIAC and NYLIFE Distributors LLC are wholly-owned subsidiaries of New York Life Insurance . Investors are asked to consider the investment objectives, risks , charges, and expenses of the investment carefully before investing. For many people, the opportunity for growth outweighs those risks, but depending on your retirement goals and where you are now, youll need to weigh the risk factors carefully. New York Life Premier Variable Annuity-P Series with Investment Preservation Rider-P Series: $25,000+ investment Deferred fixed annuities: $5,000+ investment Deferred income annuities: $10,000 . Variable annuities offered through properly licensed registered representatives of a third party registered broker dealer. Please read the prospectuses carefully before investing. The maximum Surrender Charge is 7% year 1 and 2, 6% year three, 5% year 4, 4% year 5, 3% year 6, and 2% year 7. 1. BNY Mellon Sustainable US Equity Portfolio - Service Shares. The financial strength ratings do not imply approval of the variable annuity, nor do they relate to its performance. New York Life and Fidelity Join to Offer Variable Annuity The New York Life IndexFlex Variable AnnuityFP Series (IndexFlex) has been developed solely by New York Life. Most people think of an annuity as a pension-like stream of income. For more complete information about Allianz Index Advantage New York Variable Annuity and the variable options, call your financial professional or Allianz Life Financial Services, LLC at 800.729.9743 for a prospectus. They are subject to state insurance law. The policies were first offered for sale on January 19, 2021. We are pleased to introduce several enhancements, effective May 1, 2020, to enhance investor value. Net Annual Expense is based on each portfolio's prospectus dated May 2020 and does not reflect insurance contract fees and expenses. The more riders you add to your contract, the more expenses you will incur. You should consider the investment objectives, risks, charges, and expenses of a VUL policy carefully before investing. American Funds IS Washington Mutual Investors Fund - Class 4. The subject line of the email you send will be "Fidelity.com: ". Beneficiaries are guaranteed to receive, at minimum, every dollar invested, adjusted for any withdrawals already received. Review our Disclosure Statement and Business Continuity pages for more details. For costs and complete details, contact a financial professional. In 2021, it was the number one provider of deferred income annuities, fixed deferred annuities and principal-protected variable . Life and disability insurance, annuities, and life insurance with long-term care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). A financial professional can provide costs and complete details. Nyliac Variable Annuity Separate Account Iv All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. NEW YORK, January 19, 2021 - New York Life announced today that it has expanded its comprehensive suite of retirement solutions. Your personal risk profile should guide you in choosing how you will diversify your portfolio of investment options within the variable annuity. Variable annuities offered through properly licensed registered representatives of a third party registered broker dealer. The difference between a CD and fixed deferred annuity, Understanding how annuities can protect your future. Variable universal life offers long-term life insurance protection for your loved ones and the opportunity to grow your wealth by investing in the markets. For standardized quarter-end 1-year, 5-year, and 10-year/Life performance for this variable annuity, please click here. Annuity Products in New York. All Rights Reserved. A program of dollar-cost averaging does not guarantee a profit or protect against losses in declining markets. Please remind your clients to read the prospectuses carefully before investing. Account How-To Videos, NEW YORK LIFE PREMIER VARIABLE ANNUITY II, FOR POLICIES WITH AN M&E CHARGE BASED ON THE ACCUMULATION VALUE, FOR POLICIES WITH AN M&E CHARGE BASED ON PREMIUM(S). The annual mortality and expense risk (M&E) charges (usually how an annuity issuer recovers the commission it paid the agent or adviser) are 1.30%, 1.25% and 1.20%, respectively. Fact Sheet. Legg Mason and QS Investors selected the initial composition of each Model Portfolio. * "Principal protection features include the Investment Preservation Rider-FP Series(IPR), an optional rider available for an additional fee. New York Life Annuities: Protecting assets and generating income for S&P and S&P 500 are registered trademarks of Standard & Poors Financial Services LLC (S&P) and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). New York Life Premier Variable Annuity II. As variable annuities offer investment and insurance features, they may be subject to fees to which other tax-qualified funding vehicles are not. In most jurisdictions, the policy and rider form numbers are as follows (state variations may apply): New York Life Premier Variable Annuity - FP Series (ICC18V-P06 or it may be NC18V-P06); Investment Preservation Rider - FP Series (ICC18V-R05 or it may be NC18V-R05Some states may offer this rider under a different name and benefits may vary. Is variable universal life insurance tax-advantaged? Products and features are available where approved. Russell is a trademark of the relevant LSE Group company and is/are used by any other LSE Group company under license. In order to offer these benefits to the investor, most variables come with some fees. Guarantees are based on the claims-paying ability of New York Life Insurance and Annuity Corporation (NYLIAC). All guarantees, including death benefit payments, are dependent on the claims-paying ability of NYLIAC and do not apply to the investment performance or safety of the underlying variable Investment Divisions, as they are subject to market risks and will fluctuate in value. Statement of Additional Information. All Rights Reserved. If the New York Life variable annuity you select includes a premium credit, we will apply a credit to your Accumulation Value at the time of each premium payment. NY Life, Schwab Flex Their Annuity Muscles - Retirement Income Journal
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